Daily Management Review
Economics

Surprising Second Quater Growht for Greece; 1.5% Growth in First Two Quarters

Astonishing analysts all over the economic world, the Greek economy managed to grow in the second quarter of the current fiscal. The Greek economy, as reported on Thursday, grew by 0.8%, according to an official estimate, amidst all the cacophony of a debt crisis and threats of being thrown out of...

Carlyle and Symantec Signed a Deal of the Year

Carlyle Group led a group of investors who will participate in the transaction to repurchase at Symantec Corp. its subsidiaries Veritas, dealing with storage of data in the Internet. Investment funds will pay to the software publisher $ 8 billion, some of which will go to the repurchase of shares,...

Greece Might Still Need 'Bridge Funding' Despite Securing Bailout Package

Despite securing a bailout package on Tuesday, Greece might still need a bridge funding to meet the 20 August deadline for repayment of its debt to European Central Bank which would ensure that it remains within the European Union. The first hurdle for Alexis Tsipras, the Greek Prime Minister, is...

China Devalues Yuan for the Second Consecutive Day, Sends World Markets Falling

China, arguably the second largest economy in the world, devalued its currency for the second consecutive day creating ripples across all international markets resulting in falls in indices. This was the second day that the world market had fallen, the first being on Tuesday after China devalued...

Asia: Back in 1998

The beaches of Bali and Langkawi did not look so attractive to American tourists since the reign of Bill Clinton. Four years ago, the dollar was worth 8,500 Indonesian rupiah and Malaysian ringgit less than three. Today, one dollar goes for 14 thousand rupees and four ringgit. Both currencies have...

Additional Crude Input from Iran Pushes Opec Output to Three Year High

With the prospects of a new era of low prices in crude oil due to over production, the Organisation of the Petroleum Exporting Countries (Opec) announced that their crude production output in July was the highest in the last there years for monthly production. This comes even as the crude prices...

China Devaluation Raises Prospects of Currency War, Fall in Global Markets

Following a run of poor economic data, China surprisingly announced a 2 percent devaluation of the yuan on Tuesday. This move resulted in a worldwide impact on the share markets throughout the day. This created prospects of a possible currency wars. While the Chinese authorities claim this as a...

Greece Convinces International Creditors, Clinches Bail-out Package

Greece has, for the time being, averted its debt crisis as the debt strapped economy managed to secure a loan from its international creditors on Tuesday. The multi-billion-euro bailout agreement came after marathon talks raising hope that Greece would be able to pay back the debt of €3.5 billion...

Scotland to Ban GM Farming While London Gets Ready to Allow It

While Britain signals that it would allow genetically modified crops to be harvested in the country, Scotland on the other hand is preparing to formally ban genetically modified crops from being grown anywhere in the country. This has created a sharp policy divide with the Conservative government...

Greece Hoping to Finalise Bailout Package by Tuesday

Greece hopes that Tuesday would be the day when it manages to conclude negotiations with its international lenders, according to official Greek sources.   A €3.5 billion repayment to the European Central Bank (ECB) is impending on Greece by 20 August and the ongoing meetings that began last...
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